Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality and income inequality. There's no question that economic inequality is real. But there is disagreement as to whether income inequality is a problem, and what can or should be done about it.
***
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
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Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

published:06 Dec 2015

views:658924

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
References:
http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph
http://danariely.com/2010/09/30/wealth-inequality/
http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/
http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.htm

Watch the president give his perspective on why the economy has become so good for corporations even as it’s become so bad for their workers.
Read the extended interview with President Obama and nerd out with all the charts and graphs you could ever want at http://vox.com/obama.
Subscribe to our channel! http://goo.gl/0bsAjO
Vox.com is news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.
Check out our full video catalog: http://goo.gl/IZONyE
Follow Vox on Twitter: http://goo.gl/XFrZ5H
Or on Facebook: http://goo.gl/U2g06o

published:09 Feb 2015

views:215659

John Oliver discusses America's growing wealth gap and why it may be a problem in the future.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lwt

published:14 Jul 2014

views:13352034

NOTE: Firstly, we know about and apologise for the incorrect map in this version of the video, there is an update version in the playlist with a corrected map.
PLEASE HELP US UPDATE THIS VIDEO: We recognise that this video is now, in 2017, outdated. Please help us to create an update by supporting us on Patreon: https://www.patreon.com/therulesorg
In the meantime, please find the updated information on our website here: http://blog.therules.org/update-global-inequality-video/. Thank you!
SUPPORT US TO UPDATE THIS VIDEO: Our Global Inequality video has been viewed over 1 million times since it was first uploaded to Youtube in 2013. It has been used in classrooms, lecture halls, referenced in speeches, watched at home and has informed government and NGO policy.
It's also incredibly out of date. We would like to raise US $2,000 to cover the cost of working with an animator from Ghana to create an updated version of the video. With continued support from the community we will go onto make more and more regular video content and online and offline mainstream culture hacking interventions to support the transition to a fairer, more beautiful post-capitalism world.
If you've watched and appreciated the animation, we'd really appreciate your help in creating one that more accurately reflects an accurate picture of rampant inequality the world today. Support us on Patreon: https://www.patreon.com/therulesorg. Thank you!
Production Company: Grain Media (grainmedia.co.uk); MotionGraphicsArtist: Nick Pittom (nickpittom.com); Music: SupDoodle and Apple Juice Kid (AppleJuiceKid.com); References: http://www.therules.org/inequality-video-fact-sheet; Accompanying article in Al Jazeera: http://www.aljazeera.com/indepth/opinion/2013/04/201349124135226392.html

published:03 Apr 2013

views:1012333

What if everything you've heard about income inequality is wrong? What if it's actually a good thing for there to be people who are rich and people who aren't? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time. Donate today to PragerU! http://l.prageru.com/2ylo1Yt
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru
Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
VISIT PragerU! https://www.prageru.com
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JOIN PragerFORCE!
For Students: http://l.prageru.com/29SgPaX
JOIN our Educators Network! http://l.prageru.com/2c8vsff
Script:
There has been a lot said and a lot written about income inequality – about how unfair it is that a few people are very rich and the rest of us aren’t; that the income gap between the wealthy and even the middle-class, let alone the poor, is so large.
There’s only one problem with this complaint.
It’s wrong.
Income inequality is actually a good thing -- when it is the product of a free market economy.
And your own life proves it!
An economy is made up of millions of individuals making decisions about their own lives – where and how much they want to work, what they want to buy, and so on.
You are one of those individuals.
In a country like the United States, you are free to pursue a path in life that you believe best suits your talents. That talent might be teaching, or making music, or banking, or starting a small business, or raising a family. Whatever it is, this freedom helps to make life enjoyable, exciting and meaningful.
But it’s also an expression of inequality. This is simply because we’re all different. We have different talents, different temperaments, different ambitions.
That’s okay because – again in a free society – we can seek out opportunities that play to our personal strengths; that distinguish us from others.
If you find what you’re really good at and work hard, you might have great success and make a lot of money. If you’re an outstanding athlete, I’ll buy a ticket to see you play. If you’re a savvy investor, I’ll give you some of my money to invest.
As long as you have the freedom to guide your own destiny, you have a chance to reach your full potential – achieving success, however you define it. But if someone, say, a government bureaucrat, told you that your ambition had limits, that there was a ceiling above which you could not rise, I doubt you’d be happy about it. You’d feel like you were in a straightjacket.
Forced equality means less opportunity to pursue what makes you individually great..
But what about the growing gap between the rich, the 1%, and the rest of us, the 99%, that one hears so much about? Isn’t that a bad thing?
Again, the answer is no.
Here’s why:
In a free market economy people become wealthy making what the rich enjoy today into something almost everybody can enjoy tomorrow. The rich are the test buyers.
Consider the cell phone. Now we all have them, but when Motorola manufactured the first one in 1983 it was the size of a brick, had a half-hour of battery life, reception was terrible, and calls were very expensive. It cost $4000. But if no one had bought that $4000 brick, there wouldn’t be a $40 cell phone today.
In the 1960’s a computer cost over a million dollars. Nowadays, thanks to billionaires like Michael Dell, we have incredibly advanced computers that cost us a few hundred dollars.
Remember what an out-of-reach luxury flat screen TV’s once were? Only the rich could afford them. Today your living room is essentially your own private cinema.
The free market is about turning scarcity into abundance. What was once available to the few is now available to the many. Wealth inequality is an important corollary to that truth.
For the complete script, visit https://www.prageru.com/videos/income-inequality-good

patreon.com/freedomtoons
Income Inequality:
This is kinda what it looks like when Americans complain about it
Thanks to Pat Oberle for animating the lip syncing
THANKS SO MUCH TO PATREON DONORS
LESLEE FROST
FRAN PODLASEK
MUSIC:
https://www.youtube.com/watch?v=3qQQJ...Royalty FreeMusic - Dubstep - Sickdropz - FloidBeats #047 Beat for FotisEski

Economic inequality

Economic inequality, also known as income inequality and wealth inequality, is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries. Economists generally focus on economic disparity in three metrics: wealth, income, and consumption. The issue of economic inequality can be relevant to notions of equity, equality of outcome, and equality of opportunity. Some studies point to inequality as a growing social problem. Too much inequality can be destructive, because income inequality and wealth concentration can hinder long term growth.

Too much equality can also be destructive by decreasing the incentive for productivity and the desire to take risks and create wealth. There is ultimately a trade-off between equality and productivity. A central question in discussions about economic inequality is what constitutes an "optimal" level of economic inequality.

Economic inequality varies between societies, historical periods, economic structures and systems. The term can refer to cross sectional distribution of income or wealth at any particular period, or to the lifetime income and wealth over longer periods of time. There are various numerical indices for measuring economic inequality. A widely used one is the Gini coefficient, but there are also many other methods.

Crash Course

Plot

Crash Course centers on a group of high schoolers in a driver’s education class; many for the second or third time. The recently divorced teacher, super-passive Larry Pearl, is on thin ice with the football fanatic principal, Principal Paulson, who is being pressured by the district superintendent to raise driver’s education completion rates or lose his coveted football program. With this in mind, Principal Paulson and his assistant, with a secret desire for his job, Abner Frasier, hire an outside driver’s education instructor with a very tough reputation, Edna Savage, aka E.W. Savage, who quickly takes control of the class.

The plot focuses mostly on the students and their interactions with their teachers and each other. In the beginning, Rico is the loner with just a few friends, Chadley is the bookish nerd with few friends who longs to be cool and also longs to be a part of Vanessa’s life who is the young, friendly and attractive girl who had to fake her mother’s signature on her driver’s education permission slip. Kichi is the hip-hop Asian kid who often raps what he has to say and constantly flirts with Maria, the rich foreign girl who thinks that the right-of-way on the roadways always goes to (insert awesomely fake foreign Latino accent) “my father’s limo”. Finally you have stereotypical football meathead J.J., who needs to pass his English exam to keep his eligibility and constantly asks out and gets rejected by Alice, the tomboy whose father owns “Santini & Son” Concrete Company. Alice is portrayed as being the “son” her father wanted.

Jimmy Dore

James Patrick "Jimmy" Dore (born July 26, 1965) is an American stand-up comedian. Dore started performing in 1989.

Life and career

Dore was born into and raised in a Catholic family of 12 on the southwest side of Chicago, Illinois. He is the star of several Comedy Central specials, host of The Jimmy Dore Show, and a writer–performer for the Off-Broadway hit The Marijuana -Logues. His hour-long Comedy Central Special Citizen Jimmy was chosen Best Of 2008 by iTunes, and was named one of the Top 5 Comedy DVDs of 2008 by Punchline Magazine. Jimmy Dore's latest comedy special Sentenced to Live was released on October 6, 2015.

Dore currently lives in Pasadena, California, and hosts his own monthly show Left, Right & Ridiculous at the UCB theater in Hollywood. Much of his recent material is focused on the absurdity of the corporate news media, social criticism, and modern politics. In June 2009 he began producing The Jimmy Dore Show, a one-hour comedic look at the news, which originates at KPFK 90.7 FM Los Angeles, airs nationally on the Pacifica Network and on the web via The Young Turk's Network. He also hosts the podcast Comedy And Everything Else with his wife Stefane Zamorano and formerly with Todd Glass, who departed from the show in late 2009.

Oliver has said that he has full creative freedom, including free rein to criticize corporations. His initial contract with HBO was for two years with an option for extension. In February 2015, it was announced that the show has been renewed for two additional seasons of 35 episodes each. Oliver and HBO programming president Michael Lombardo have discussed extending the show from half an hour to a full hour and airing more than once a week after Oliver "gets his feet under him".

Income and Wealth Inequality: Crash Course Economics #17

Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality and income inequality. There's no question that economic inequality is real. But there is disagreement as to whether income inequality is a problem, and what can or should be done about it.
***
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

6:24

Wealth Inequality in America

Wealth Inequality in America

Wealth Inequality in America

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
References:
http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph
http://danariely.com/2010/09/30/wealth-inequality/
http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/
http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.htm

Obama on why income inequality has skyrocketed

Watch the president give his perspective on why the economy has become so good for corporations even as it’s become so bad for their workers.
Read the extended interview with President Obama and nerd out with all the charts and graphs you could ever want at http://vox.com/obama.
Subscribe to our channel! http://goo.gl/0bsAjO
Vox.com is news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.
Check out our full video catalog: http://goo.gl/IZONyE
Follow Vox on Twitter: http://goo.gl/XFrZ5H
Or on Facebook: http://goo.gl/U2g06o

14:10

Wealth Gap: Last Week Tonight with John Oliver (HBO)

Wealth Gap: Last Week Tonight with John Oliver (HBO)

Wealth Gap: Last Week Tonight with John Oliver (HBO)

John Oliver discusses America's growing wealth gap and why it may be a problem in the future.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lwt

3:51

Global Wealth Inequality - (See description for 2017 updates) What you never knew you never knew

Global Wealth Inequality - (See description for 2017 updates) What you never knew you never knew

Global Wealth Inequality - (See description for 2017 updates) What you never knew you never knew

NOTE: Firstly, we know about and apologise for the incorrect map in this version of the video, there is an update version in the playlist with a corrected map.
PLEASE HELP US UPDATE THIS VIDEO: We recognise that this video is now, in 2017, outdated. Please help us to create an update by supporting us on Patreon: https://www.patreon.com/therulesorg
In the meantime, please find the updated information on our website here: http://blog.therules.org/update-global-inequality-video/. Thank you!
SUPPORT US TO UPDATE THIS VIDEO: Our Global Inequality video has been viewed over 1 million times since it was first uploaded to Youtube in 2013. It has been used in classrooms, lecture halls, referenced in speeches, watched at home and has informed government and NGO policy.
It's also incredibly out of date. We would like to raise US $2,000 to cover the cost of working with an animator from Ghana to create an updated version of the video. With continued support from the community we will go onto make more and more regular video content and online and offline mainstream culture hacking interventions to support the transition to a fairer, more beautiful post-capitalism world.
If you've watched and appreciated the animation, we'd really appreciate your help in creating one that more accurately reflects an accurate picture of rampant inequality the world today. Support us on Patreon: https://www.patreon.com/therulesorg. Thank you!
Production Company: Grain Media (grainmedia.co.uk); MotionGraphicsArtist: Nick Pittom (nickpittom.com); Music: SupDoodle and Apple Juice Kid (AppleJuiceKid.com); References: http://www.therules.org/inequality-video-fact-sheet; Accompanying article in Al Jazeera: http://www.aljazeera.com/indepth/opinion/2013/04/201349124135226392.html

4:39

Income Inequality is Good

Income Inequality is Good

Income Inequality is Good

What if everything you've heard about income inequality is wrong? What if it's actually a good thing for there to be people who are rich and people who aren't? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time. Donate today to PragerU! http://l.prageru.com/2ylo1Yt
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru
Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
VISIT PragerU! https://www.prageru.com
FOLLOW us!
Facebook: https://www.facebook.com/prageru
Twitter: https://twitter.com/prageru
Instagram: https://instagram.com/prageru/
PragerU is on Snapchat!
JOIN PragerFORCE!
For Students: http://l.prageru.com/29SgPaX
JOIN our Educators Network! http://l.prageru.com/2c8vsff
Script:
There has been a lot said and a lot written about income inequality – about how unfair it is that a few people are very rich and the rest of us aren’t; that the income gap between the wealthy and even the middle-class, let alone the poor, is so large.
There’s only one problem with this complaint.
It’s wrong.
Income inequality is actually a good thing -- when it is the product of a free market economy.
And your own life proves it!
An economy is made up of millions of individuals making decisions about their own lives – where and how much they want to work, what they want to buy, and so on.
You are one of those individuals.
In a country like the United States, you are free to pursue a path in life that you believe best suits your talents. That talent might be teaching, or making music, or banking, or starting a small business, or raising a family. Whatever it is, this freedom helps to make life enjoyable, exciting and meaningful.
But it’s also an expression of inequality. This is simply because we’re all different. We have different talents, different temperaments, different ambitions.
That’s okay because – again in a free society – we can seek out opportunities that play to our personal strengths; that distinguish us from others.
If you find what you’re really good at and work hard, you might have great success and make a lot of money. If you’re an outstanding athlete, I’ll buy a ticket to see you play. If you’re a savvy investor, I’ll give you some of my money to invest.
As long as you have the freedom to guide your own destiny, you have a chance to reach your full potential – achieving success, however you define it. But if someone, say, a government bureaucrat, told you that your ambition had limits, that there was a ceiling above which you could not rise, I doubt you’d be happy about it. You’d feel like you were in a straightjacket.
Forced equality means less opportunity to pursue what makes you individually great..
But what about the growing gap between the rich, the 1%, and the rest of us, the 99%, that one hears so much about? Isn’t that a bad thing?
Again, the answer is no.
Here’s why:
In a free market economy people become wealthy making what the rich enjoy today into something almost everybody can enjoy tomorrow. The rich are the test buyers.
Consider the cell phone. Now we all have them, but when Motorola manufactured the first one in 1983 it was the size of a brick, had a half-hour of battery life, reception was terrible, and calls were very expensive. It cost $4000. But if no one had bought that $4000 brick, there wouldn’t be a $40 cell phone today.
In the 1960’s a computer cost over a million dollars. Nowadays, thanks to billionaires like Michael Dell, we have incredibly advanced computers that cost us a few hundred dollars.
Remember what an out-of-reach luxury flat screen TV’s once were? Only the rich could afford them. Today your living room is essentially your own private cinema.
The free market is about turning scarcity into abundance. What was once available to the few is now available to the many. Wealth inequality is an important corollary to that truth.
For the complete script, visit https://www.prageru.com/videos/income-inequality-good

Income Inequality

patreon.com/freedomtoons
Income Inequality:
This is kinda what it looks like when Americans complain about it
Thanks to Pat Oberle for animating the lip syncing
THANKS SO MUCH TO PATREON DONORS
LESLEE FROST
FRAN PODLASEK
MUSIC:
https://www.youtube.com/watch?v=3qQQJ...Royalty FreeMusic - Dubstep - Sickdropz - FloidBeats #047 Beat for FotisEski

An Animated Video Explains Economic Inequality

American Income Inequality Perfectly Explained (Mark Blyth Interview)

Special guest Mark Blyth explains the existence of income inequality in the US.
Jimmy Dore breaks it down.
Subscribe Here ▶ http://www.youtube.com/subscription_center?add_user=TYTComedy
The Jimmy Dore ShowOnline Store: https://shop.spreadshirt.com/TJDS
Full audio version of The Jimmy Dore Show on iTunes ▶ https://itunes.apple.com/podcast/the-jimmy-dore-show/id390071758
Join our community by liking, commenting and sharing to help us reach a wider audience. Keep it positive!
Strong independent media depends on your support. Here's how to contribute:
▶ Become a premium member ▶ http://www.JimmyDoreComedy.com
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Jimmy Dore on Twitter ▶ https://twitter.com/Jimmy_Dore
Special Guests:
Mark Blyth ▶ http://www.markblyth.com/
Produced/Edited by Arno Bolbolian
ABOUT THE JIMMY DORE SHOW:
The Jimmy Dore Show is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. With over 5 million downloads on iTunes, the show is also broadcast on KPFK stations throughout the country. It is part of the Young Turks Network-- the largest online news show in the world.

2:36

How wealth inequality is dangerous for America

How wealth inequality is dangerous for America

How wealth inequality is dangerous for America

The top 1% of the population controls 40% of the nation's wealth. Think about that for a minute.
Subscribe to our channel! http://www.youtube.com/subscription_center?add_user=voxdotcom
Vox.com is news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.
Check out our full video catalog: youtube.com/voxdotcom/videos
Follow Vox on Twitter: https://twitter.com/voxdotcom
Or on Facebook: https://www.facebook.com/Vox

2:54

Clarify: How do we fix income inequality?

Clarify: How do we fix income inequality?

Clarify: How do we fix income inequality?

Spotify and Mic present Clarify: How do we fix income inequality?
http://www.spotify.com/clarify
These days, CEOs make almost 300x everyone else — and while they're busy living the American dream, the rest of us are living an Americannightmare.
So how do this year's presidential candidates plan to fix this?

6:41

'Inequality is bad for everyone': Robert Reich fights against economic imbalance

'Inequality is bad for everyone': Robert Reich fights against economic imbalance

'Inequality is bad for everyone': Robert Reich fights against economic imbalance

Robert Reich on fighting widening inequality
Blurb: Economics correspondent Paul Solman talks to Robert Reich about "Inequality for All," a documentary about the former labor secretary's personal crusade to explain to Americans why everyone should care about the nation's growing economic disparity and divisiveness.

7:19

Wealth inequality in India

Wealth inequality in India

Wealth inequality in India

100 richest people in India have more wealth than two-thirds of the population. The bulk of the wealth of the top 10%, actually belongs to the top 1%. Two-thirds of our 216 Trillion Rupees wealth – that is around 144 trillion rupees. -- was created between 2000 and 2014. Where did it all go?
Let's take a closer look at the state of food, healthcare and education in India. We have lost our battle against hunger. 40 million people are forced into poverty every year by incurring debt to pay for treatment and care. India's share in global illiteracy has actually risen.
What could we do differently? Could we spend more on health? On education? On food for the people? Do we have enough money for that?
Not only do we have money enough for all this, but also for some more long term welfare measures. It is time we decide what kind of India we want? An India where the rich continue to get richer, while significant sections of our people live in abject poverty? Or an India for all its people?

9:55

Wealth Inequality: The Good and the Bad

Wealth Inequality: The Good and the Bad

Wealth Inequality: The Good and the Bad

Support us on Patreon: https://www.patreon.com/academyofideas
Get the transcript: http://academyofideas.com/2016/10/wealth-inequality/
In this video we will examine two types of equality that are promoted in contemporary society, namely economic equality, which is the call for decreasing the wealth disparity between the rich and poor, and equality before the law.

8:38

Bernie Brief: Income Inequality | Ep. 1

Bernie Brief: Income Inequality | Ep. 1

Bernie Brief: Income Inequality | Ep. 1

Bernie Sanders explains the one issue the billionaire class wants us to avoid -- and change.
Read more about Income Inequality on our website: http://bernie.to/IncomeInequality
---------
★ Join the political revolution at www.berniesanders.com
★ Connect with Bernie:
Facebook → https://www.facebook.com/berniesanders/
Twitter → https://twitter.com/berniesanders
Instagram → https://www.instagram.com/berniesanders/
Tumblr → http://berniesanders.tumblr.com/
Snapchat → bernie.sanders
★ About Bernie:
Bernie Sanders is a Democratic candidate for President of the United States. He is serving his second term in the U.S. Senate after winning re-election in 2012 with 71 percent of the vote. Sanders previously served as mayor of Vermont’s largest city for eight years before defeating an incumbent Republican to be the sole congressperson for the state in the U.S. House of Representatives. He lives in Burlington, Vermont with his wife Jane and has four children and seven grandchildren.
Bernard “Bernie” Sanders was born in Brooklyn, New York, to immigrant parents and grew up in a small, rent-controlled apartment. His father came to the United States from Poland at the age of 17 without much money or a formal education. While attending the University of Chicago, a 20-year-old Sanders led students in a multi-week sit-in to oppose segregation in off-campus housing owned by the university as a Congress of Racial Equality (CORE) officer. In August of 1963, Sanders took an overnight bus as an organizer for the Student Nonviolent Coordinating Committee to hear Martin Luther King Jr.’s historic “I Have a Dream” speech firsthand at the March on Washington for Jobs and Freedom.
After graduation, Bernie moved to Vermont where he worked as a carpenter and documentary filmmaker. In 1981, he was elected as mayor of Burlington as an Independent by a mere 10 votes, shocking the city’s political establishment by defeating a six-term, local machine mayor. In 1983, Bernie was re-elected by a 21 point margin with a record amount of voter turnout. Under his administration, the city made major strides in affordable housing, progressive taxation, environmental protection, child care, women’s rights, youth programs and the arts. In 1990, Sanders was elected to the House of Representatives as the first Independent in 40 years and joined the Democratic caucus. He was re-elected for eight terms, during which he voted against the deregulation of Wall Street, the Patriot Act, and the invasion of Iraq.
In 2006, Sanders defeated the richest man in Vermont to win a seat in the U.S. Senate as an Independent. Known as a “practical and successful legislator,” Sanders served as chairman of the Committee on Veterans’ Affairs where he authored and passed the most significant veteran health care reform bill in recent history. While in the Senate, Sanders has fought tirelessly for working class Americans against the influence of big money in politics. In 2010, he gave an eight-and-a-half hour filibuster-like speech on the Senate floor in opposition to extending Bush-era tax breaks for the wealthy. In 2015, the Democratic leadership tapped Bernie to serve as the caucus’ ranking member of the Senate Budget Committee.
Known for his consistency on the issues, Senator Sanders has supported the working class, women, communities of color, and the LGBT community throughout his career. He is an advocate for the environment, unions, and immigrants. He voted against Keystone XL, opposes the Trans-Pacific Partnership deal, wants to expand the Voting Rights Act, and pass the Equal Rights Amendment.
To learn more about Bernie on the issues, click here: https://berniesanders.com/issues/

Income and Wealth Inequality: Crash Course Economics #17

Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality and income inequality. There's no question that economic inequality is real. But there is disagreement as to whether income inequality is a problem, and what can or should be done about it.
***
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan...

published: 06 Dec 2015

Wealth Inequality in America

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
References:
http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph
http://danariely.com/2010/09/30/wealth-inequality/
http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/
http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.htm

Obama on why income inequality has skyrocketed

Watch the president give his perspective on why the economy has become so good for corporations even as it’s become so bad for their workers.
Read the extended interview with President Obama and nerd out with all the charts and graphs you could ever want at http://vox.com/obama.
Subscribe to our channel! http://goo.gl/0bsAjO
Vox.com is news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.
Check out our full video catalog: http://goo.gl/IZONyE
Follow Vox on Twitter: http://goo.gl/XFrZ5H
Or on Facebook: http://goo.gl/U2g06o

published: 09 Feb 2015

Wealth Gap: Last Week Tonight with John Oliver (HBO)

John Oliver discusses America's growing wealth gap and why it may be a problem in the future.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lwt

published: 14 Jul 2014

Global Wealth Inequality - (See description for 2017 updates) What you never knew you never knew

NOTE: Firstly, we know about and apologise for the incorrect map in this version of the video, there is an update version in the playlist with a corrected map.
PLEASE HELP US UPDATE THIS VIDEO: We recognise that this video is now, in 2017, outdated. Please help us to create an update by supporting us on Patreon: https://www.patreon.com/therulesorg
In the meantime, please find the updated information on our website here: http://blog.therules.org/update-global-inequality-video/. Thank you!
SUPPORT US TO UPDATE THIS VIDEO: Our Global Inequality video has been viewed over 1 million times since it was first uploaded to Youtube in 2013. It has been used in classrooms, lecture halls, referenced in speeches, watched at home and has informed government and NGO policy.
It's also incredibly out o...

published: 03 Apr 2013

Income Inequality is Good

What if everything you've heard about income inequality is wrong? What if it's actually a good thing for there to be people who are rich and people who aren't? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time. Donate today to PragerU! http://l.prageru.com/2ylo1Yt
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list t...

Income Inequality

patreon.com/freedomtoons
Income Inequality:
This is kinda what it looks like when Americans complain about it
Thanks to Pat Oberle for animating the lip syncing
THANKS SO MUCH TO PATREON DONORS
LESLEE FROST
FRAN PODLASEK
MUSIC:
https://www.youtube.com/watch?v=3qQQJ...Royalty FreeMusic - Dubstep - Sickdropz - FloidBeats #047 Beat for FotisEski

Richard Wolff on Economic Inequality

An Animated Video Explains Economic Inequality

published: 18 Dec 2012

American Income Inequality Perfectly Explained (Mark Blyth Interview)

Special guest Mark Blyth explains the existence of income inequality in the US.
Jimmy Dore breaks it down.
Subscribe Here ▶ http://www.youtube.com/subscription_center?add_user=TYTComedy
The Jimmy Dore ShowOnline Store: https://shop.spreadshirt.com/TJDS
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Join our community by liking, commenting and sharing to help us reach a wider audience. Keep it positive!
Strong independent media depends on your support. Here's how to contribute:
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Jimmy Dore on Twitter ▶ https://twit...

published: 09 Feb 2017

How wealth inequality is dangerous for America

The top 1% of the population controls 40% of the nation's wealth. Think about that for a minute.
Subscribe to our channel! http://www.youtube.com/subscription_center?add_user=voxdotcom
Vox.com is news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.
Check out our full video catalog: youtube.com/voxdotcom/videos
Follow Vox on Twitter: https://twitter.com/voxdotcom
Or on Facebook: https://www.facebook.com/Vox

published: 07 May 2014

Clarify: How do we fix income inequality?

Spotify and Mic present Clarify: How do we fix income inequality?
http://www.spotify.com/clarify
These days, CEOs make almost 300x everyone else — and while they're busy living the American dream, the rest of us are living an Americannightmare.
So how do this year's presidential candidates plan to fix this?

published: 20 Sep 2016

'Inequality is bad for everyone': Robert Reich fights against economic imbalance

Robert Reich on fighting widening inequality
Blurb: Economics correspondent Paul Solman talks to Robert Reich about "Inequality for All," a documentary about the former labor secretary's personal crusade to explain to Americans why everyone should care about the nation's growing economic disparity and divisiveness.

published: 12 Oct 2013

Wealth inequality in India

100 richest people in India have more wealth than two-thirds of the population. The bulk of the wealth of the top 10%, actually belongs to the top 1%. Two-thirds of our 216 Trillion Rupees wealth – that is around 144 trillion rupees. -- was created between 2000 and 2014. Where did it all go?
Let's take a closer look at the state of food, healthcare and education in India. We have lost our battle against hunger. 40 million people are forced into poverty every year by incurring debt to pay for treatment and care. India's share in global illiteracy has actually risen.
What could we do differently? Could we spend more on health? On education? On food for the people? Do we have enough money for that?
Not only do we have money enough for all this, but also for some more long term welfare meas...

published: 14 Oct 2015

Wealth Inequality: The Good and the Bad

Support us on Patreon: https://www.patreon.com/academyofideas
Get the transcript: http://academyofideas.com/2016/10/wealth-inequality/
In this video we will examine two types of equality that are promoted in contemporary society, namely economic equality, which is the call for decreasing the wealth disparity between the rich and poor, and equality before the law.

published: 18 Oct 2016

Bernie Brief: Income Inequality | Ep. 1

Bernie Sanders explains the one issue the billionaire class wants us to avoid -- and change.
Read more about Income Inequality on our website: http://bernie.to/IncomeInequality
---------
★ Join the political revolution at www.berniesanders.com
★ Connect with Bernie:
Facebook → https://www.facebook.com/berniesanders/
Twitter → https://twitter.com/berniesanders
Instagram → https://www.instagram.com/berniesanders/
Tumblr → http://berniesanders.tumblr.com/
Snapchat → bernie.sanders
★ About Bernie:
Bernie Sanders is a Democratic candidate for President of the United States. He is serving his second term in the U.S. Senate after winning re-election in 2012 with 71 percent of the vote. Sanders previously served as mayor of Vermont’s largest city for eight years before defeating an incumbent ...

Noam Chomsky on Economic Inequality

Income and Wealth Inequality: Crash Course Economics #17

Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to ...

Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality and income inequality. There's no question that economic inequality is real. But there is disagreement as to whether income inequality is a problem, and what can or should be done about it.
***
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality and income inequality. There's no question that economic inequality is real. But there is disagreement as to whether income inequality is a problem, and what can or should be done about it.
***
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

Wealth Inequality in America

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual n...

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
References:
http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph
http://danariely.com/2010/09/30/wealth-inequality/
http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/
http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.htm

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
References:
http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph
http://danariely.com/2010/09/30/wealth-inequality/
http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/
http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.htm

Obama on why income inequality has skyrocketed

Watch the president give his perspective on why the economy has become so good for corporations even as it’s become so bad for their workers.
Read the extende...

Watch the president give his perspective on why the economy has become so good for corporations even as it’s become so bad for their workers.
Read the extended interview with President Obama and nerd out with all the charts and graphs you could ever want at http://vox.com/obama.
Subscribe to our channel! http://goo.gl/0bsAjO
Vox.com is news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.
Check out our full video catalog: http://goo.gl/IZONyE
Follow Vox on Twitter: http://goo.gl/XFrZ5H
Or on Facebook: http://goo.gl/U2g06o

Watch the president give his perspective on why the economy has become so good for corporations even as it’s become so bad for their workers.
Read the extended interview with President Obama and nerd out with all the charts and graphs you could ever want at http://vox.com/obama.
Subscribe to our channel! http://goo.gl/0bsAjO
Vox.com is news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.
Check out our full video catalog: http://goo.gl/IZONyE
Follow Vox on Twitter: http://goo.gl/XFrZ5H
Or on Facebook: http://goo.gl/U2g06o

John Oliver discusses America's growing wealth gap and why it may be a problem in the future.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lwt

John Oliver discusses America's growing wealth gap and why it may be a problem in the future.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lwt

published:14 Jul 2014

views:13352034

back

Global Wealth Inequality - (See description for 2017 updates) What you never knew you never knew

NOTE: Firstly, we know about and apologise for the incorrect map in this version of the video, there is an update version in the playlist with a corrected map.
...

NOTE: Firstly, we know about and apologise for the incorrect map in this version of the video, there is an update version in the playlist with a corrected map.
PLEASE HELP US UPDATE THIS VIDEO: We recognise that this video is now, in 2017, outdated. Please help us to create an update by supporting us on Patreon: https://www.patreon.com/therulesorg
In the meantime, please find the updated information on our website here: http://blog.therules.org/update-global-inequality-video/. Thank you!
SUPPORT US TO UPDATE THIS VIDEO: Our Global Inequality video has been viewed over 1 million times since it was first uploaded to Youtube in 2013. It has been used in classrooms, lecture halls, referenced in speeches, watched at home and has informed government and NGO policy.
It's also incredibly out of date. We would like to raise US $2,000 to cover the cost of working with an animator from Ghana to create an updated version of the video. With continued support from the community we will go onto make more and more regular video content and online and offline mainstream culture hacking interventions to support the transition to a fairer, more beautiful post-capitalism world.
If you've watched and appreciated the animation, we'd really appreciate your help in creating one that more accurately reflects an accurate picture of rampant inequality the world today. Support us on Patreon: https://www.patreon.com/therulesorg. Thank you!
Production Company: Grain Media (grainmedia.co.uk); MotionGraphicsArtist: Nick Pittom (nickpittom.com); Music: SupDoodle and Apple Juice Kid (AppleJuiceKid.com); References: http://www.therules.org/inequality-video-fact-sheet; Accompanying article in Al Jazeera: http://www.aljazeera.com/indepth/opinion/2013/04/201349124135226392.html

NOTE: Firstly, we know about and apologise for the incorrect map in this version of the video, there is an update version in the playlist with a corrected map.
PLEASE HELP US UPDATE THIS VIDEO: We recognise that this video is now, in 2017, outdated. Please help us to create an update by supporting us on Patreon: https://www.patreon.com/therulesorg
In the meantime, please find the updated information on our website here: http://blog.therules.org/update-global-inequality-video/. Thank you!
SUPPORT US TO UPDATE THIS VIDEO: Our Global Inequality video has been viewed over 1 million times since it was first uploaded to Youtube in 2013. It has been used in classrooms, lecture halls, referenced in speeches, watched at home and has informed government and NGO policy.
It's also incredibly out of date. We would like to raise US $2,000 to cover the cost of working with an animator from Ghana to create an updated version of the video. With continued support from the community we will go onto make more and more regular video content and online and offline mainstream culture hacking interventions to support the transition to a fairer, more beautiful post-capitalism world.
If you've watched and appreciated the animation, we'd really appreciate your help in creating one that more accurately reflects an accurate picture of rampant inequality the world today. Support us on Patreon: https://www.patreon.com/therulesorg. Thank you!
Production Company: Grain Media (grainmedia.co.uk); MotionGraphicsArtist: Nick Pittom (nickpittom.com); Music: SupDoodle and Apple Juice Kid (AppleJuiceKid.com); References: http://www.therules.org/inequality-video-fact-sheet; Accompanying article in Al Jazeera: http://www.aljazeera.com/indepth/opinion/2013/04/201349124135226392.html

Income Inequality is Good

What if everything you've heard about income inequality is wrong? What if it's actually a good thing for there to be people who are rich and people who aren't? ...

What if everything you've heard about income inequality is wrong? What if it's actually a good thing for there to be people who are rich and people who aren't? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time. Donate today to PragerU! http://l.prageru.com/2ylo1Yt
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru
Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
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Script:
There has been a lot said and a lot written about income inequality – about how unfair it is that a few people are very rich and the rest of us aren’t; that the income gap between the wealthy and even the middle-class, let alone the poor, is so large.
There’s only one problem with this complaint.
It’s wrong.
Income inequality is actually a good thing -- when it is the product of a free market economy.
And your own life proves it!
An economy is made up of millions of individuals making decisions about their own lives – where and how much they want to work, what they want to buy, and so on.
You are one of those individuals.
In a country like the United States, you are free to pursue a path in life that you believe best suits your talents. That talent might be teaching, or making music, or banking, or starting a small business, or raising a family. Whatever it is, this freedom helps to make life enjoyable, exciting and meaningful.
But it’s also an expression of inequality. This is simply because we’re all different. We have different talents, different temperaments, different ambitions.
That’s okay because – again in a free society – we can seek out opportunities that play to our personal strengths; that distinguish us from others.
If you find what you’re really good at and work hard, you might have great success and make a lot of money. If you’re an outstanding athlete, I’ll buy a ticket to see you play. If you’re a savvy investor, I’ll give you some of my money to invest.
As long as you have the freedom to guide your own destiny, you have a chance to reach your full potential – achieving success, however you define it. But if someone, say, a government bureaucrat, told you that your ambition had limits, that there was a ceiling above which you could not rise, I doubt you’d be happy about it. You’d feel like you were in a straightjacket.
Forced equality means less opportunity to pursue what makes you individually great..
But what about the growing gap between the rich, the 1%, and the rest of us, the 99%, that one hears so much about? Isn’t that a bad thing?
Again, the answer is no.
Here’s why:
In a free market economy people become wealthy making what the rich enjoy today into something almost everybody can enjoy tomorrow. The rich are the test buyers.
Consider the cell phone. Now we all have them, but when Motorola manufactured the first one in 1983 it was the size of a brick, had a half-hour of battery life, reception was terrible, and calls were very expensive. It cost $4000. But if no one had bought that $4000 brick, there wouldn’t be a $40 cell phone today.
In the 1960’s a computer cost over a million dollars. Nowadays, thanks to billionaires like Michael Dell, we have incredibly advanced computers that cost us a few hundred dollars.
Remember what an out-of-reach luxury flat screen TV’s once were? Only the rich could afford them. Today your living room is essentially your own private cinema.
The free market is about turning scarcity into abundance. What was once available to the few is now available to the many. Wealth inequality is an important corollary to that truth.
For the complete script, visit https://www.prageru.com/videos/income-inequality-good

What if everything you've heard about income inequality is wrong? What if it's actually a good thing for there to be people who are rich and people who aren't? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time. Donate today to PragerU! http://l.prageru.com/2ylo1Yt
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru
Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
VISIT PragerU! https://www.prageru.com
FOLLOW us!
Facebook: https://www.facebook.com/prageru
Twitter: https://twitter.com/prageru
Instagram: https://instagram.com/prageru/
PragerU is on Snapchat!
JOIN PragerFORCE!
For Students: http://l.prageru.com/29SgPaX
JOIN our Educators Network! http://l.prageru.com/2c8vsff
Script:
There has been a lot said and a lot written about income inequality – about how unfair it is that a few people are very rich and the rest of us aren’t; that the income gap between the wealthy and even the middle-class, let alone the poor, is so large.
There’s only one problem with this complaint.
It’s wrong.
Income inequality is actually a good thing -- when it is the product of a free market economy.
And your own life proves it!
An economy is made up of millions of individuals making decisions about their own lives – where and how much they want to work, what they want to buy, and so on.
You are one of those individuals.
In a country like the United States, you are free to pursue a path in life that you believe best suits your talents. That talent might be teaching, or making music, or banking, or starting a small business, or raising a family. Whatever it is, this freedom helps to make life enjoyable, exciting and meaningful.
But it’s also an expression of inequality. This is simply because we’re all different. We have different talents, different temperaments, different ambitions.
That’s okay because – again in a free society – we can seek out opportunities that play to our personal strengths; that distinguish us from others.
If you find what you’re really good at and work hard, you might have great success and make a lot of money. If you’re an outstanding athlete, I’ll buy a ticket to see you play. If you’re a savvy investor, I’ll give you some of my money to invest.
As long as you have the freedom to guide your own destiny, you have a chance to reach your full potential – achieving success, however you define it. But if someone, say, a government bureaucrat, told you that your ambition had limits, that there was a ceiling above which you could not rise, I doubt you’d be happy about it. You’d feel like you were in a straightjacket.
Forced equality means less opportunity to pursue what makes you individually great..
But what about the growing gap between the rich, the 1%, and the rest of us, the 99%, that one hears so much about? Isn’t that a bad thing?
Again, the answer is no.
Here’s why:
In a free market economy people become wealthy making what the rich enjoy today into something almost everybody can enjoy tomorrow. The rich are the test buyers.
Consider the cell phone. Now we all have them, but when Motorola manufactured the first one in 1983 it was the size of a brick, had a half-hour of battery life, reception was terrible, and calls were very expensive. It cost $4000. But if no one had bought that $4000 brick, there wouldn’t be a $40 cell phone today.
In the 1960’s a computer cost over a million dollars. Nowadays, thanks to billionaires like Michael Dell, we have incredibly advanced computers that cost us a few hundred dollars.
Remember what an out-of-reach luxury flat screen TV’s once were? Only the rich could afford them. Today your living room is essentially your own private cinema.
The free market is about turning scarcity into abundance. What was once available to the few is now available to the many. Wealth inequality is an important corollary to that truth.
For the complete script, visit https://www.prageru.com/videos/income-inequality-good

Income Inequality

patreon.com/freedomtoons
Income Inequality:
This is kinda what it looks like when Americans complain about it
Thanks to Pat Oberle for animating the lip synci...

patreon.com/freedomtoons
Income Inequality:
This is kinda what it looks like when Americans complain about it
Thanks to Pat Oberle for animating the lip syncing
THANKS SO MUCH TO PATREON DONORS
LESLEE FROST
FRAN PODLASEK
MUSIC:
https://www.youtube.com/watch?v=3qQQJ...Royalty FreeMusic - Dubstep - Sickdropz - FloidBeats #047 Beat for FotisEski

patreon.com/freedomtoons
Income Inequality:
This is kinda what it looks like when Americans complain about it
Thanks to Pat Oberle for animating the lip syncing
THANKS SO MUCH TO PATREON DONORS
LESLEE FROST
FRAN PODLASEK
MUSIC:
https://www.youtube.com/watch?v=3qQQJ...Royalty FreeMusic - Dubstep - Sickdropz - FloidBeats #047 Beat for FotisEski

Special guest Mark Blyth explains the existence of income inequality in the US.
Jimmy Dore breaks it down.
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Produced/Edited by Arno Bolbolian
ABOUT THE JIMMY DORE SHOW:
The Jimmy Dore Show is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. With over 5 million downloads on iTunes, the show is also broadcast on KPFK stations throughout the country. It is part of the Young Turks Network-- the largest online news show in the world.

Special guest Mark Blyth explains the existence of income inequality in the US.
Jimmy Dore breaks it down.
Subscribe Here ▶ http://www.youtube.com/subscription_center?add_user=TYTComedy
The Jimmy Dore ShowOnline Store: https://shop.spreadshirt.com/TJDS
Full audio version of The Jimmy Dore Show on iTunes ▶ https://itunes.apple.com/podcast/the-jimmy-dore-show/id390071758
Join our community by liking, commenting and sharing to help us reach a wider audience. Keep it positive!
Strong independent media depends on your support. Here's how to contribute:
▶ Become a premium member ▶ http://www.JimmyDoreComedy.com
▶ Use this Amazon link to do your shopping (Bookmark it!) ▶ http://www.amazon.com/?tag=comedylinking-20&linkCode=ur2&camp=1789&creative=390957
Jimmy Dore on Twitter ▶ https://twitter.com/Jimmy_Dore
Special Guests:
Mark Blyth ▶ http://www.markblyth.com/
Produced/Edited by Arno Bolbolian
ABOUT THE JIMMY DORE SHOW:
The Jimmy Dore Show is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. With over 5 million downloads on iTunes, the show is also broadcast on KPFK stations throughout the country. It is part of the Young Turks Network-- the largest online news show in the world.

How wealth inequality is dangerous for America

The top 1% of the population controls 40% of the nation's wealth. Think about that for a minute.
Subscribe to our channel! http://www.youtube.com/subscription_...

The top 1% of the population controls 40% of the nation's wealth. Think about that for a minute.
Subscribe to our channel! http://www.youtube.com/subscription_center?add_user=voxdotcom
Vox.com is news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.
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The top 1% of the population controls 40% of the nation's wealth. Think about that for a minute.
Subscribe to our channel! http://www.youtube.com/subscription_center?add_user=voxdotcom
Vox.com is news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.
Check out our full video catalog: youtube.com/voxdotcom/videos
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Or on Facebook: https://www.facebook.com/Vox

Clarify: How do we fix income inequality?

Spotify and Mic present Clarify: How do we fix income inequality?
http://www.spotify.com/clarify
These days, CEOs make almost 300x everyone else — and while...

Spotify and Mic present Clarify: How do we fix income inequality?
http://www.spotify.com/clarify
These days, CEOs make almost 300x everyone else — and while they're busy living the American dream, the rest of us are living an Americannightmare.
So how do this year's presidential candidates plan to fix this?

Spotify and Mic present Clarify: How do we fix income inequality?
http://www.spotify.com/clarify
These days, CEOs make almost 300x everyone else — and while they're busy living the American dream, the rest of us are living an Americannightmare.
So how do this year's presidential candidates plan to fix this?

published:20 Sep 2016

views:3576

back

'Inequality is bad for everyone': Robert Reich fights against economic imbalance

Robert Reich on fighting widening inequality
Blurb: Economics correspondent Paul Solman talks to Robert Reich about "Inequality for All," a documentary about the former labor secretary's personal crusade to explain to Americans why everyone should care about the nation's growing economic disparity and divisiveness.

Robert Reich on fighting widening inequality
Blurb: Economics correspondent Paul Solman talks to Robert Reich about "Inequality for All," a documentary about the former labor secretary's personal crusade to explain to Americans why everyone should care about the nation's growing economic disparity and divisiveness.

Wealth inequality in India

100 richest people in India have more wealth than two-thirds of the population. The bulk of the wealth of the top 10%, actually belongs to the top 1%. Two-third...

100 richest people in India have more wealth than two-thirds of the population. The bulk of the wealth of the top 10%, actually belongs to the top 1%. Two-thirds of our 216 Trillion Rupees wealth – that is around 144 trillion rupees. -- was created between 2000 and 2014. Where did it all go?
Let's take a closer look at the state of food, healthcare and education in India. We have lost our battle against hunger. 40 million people are forced into poverty every year by incurring debt to pay for treatment and care. India's share in global illiteracy has actually risen.
What could we do differently? Could we spend more on health? On education? On food for the people? Do we have enough money for that?
Not only do we have money enough for all this, but also for some more long term welfare measures. It is time we decide what kind of India we want? An India where the rich continue to get richer, while significant sections of our people live in abject poverty? Or an India for all its people?

100 richest people in India have more wealth than two-thirds of the population. The bulk of the wealth of the top 10%, actually belongs to the top 1%. Two-thirds of our 216 Trillion Rupees wealth – that is around 144 trillion rupees. -- was created between 2000 and 2014. Where did it all go?
Let's take a closer look at the state of food, healthcare and education in India. We have lost our battle against hunger. 40 million people are forced into poverty every year by incurring debt to pay for treatment and care. India's share in global illiteracy has actually risen.
What could we do differently? Could we spend more on health? On education? On food for the people? Do we have enough money for that?
Not only do we have money enough for all this, but also for some more long term welfare measures. It is time we decide what kind of India we want? An India where the rich continue to get richer, while significant sections of our people live in abject poverty? Or an India for all its people?

Wealth Inequality: The Good and the Bad

Support us on Patreon: https://www.patreon.com/academyofideas
Get the transcript: http://academyofideas.com/2016/10/wealth-inequality/
In this video we will ex...

Support us on Patreon: https://www.patreon.com/academyofideas
Get the transcript: http://academyofideas.com/2016/10/wealth-inequality/
In this video we will examine two types of equality that are promoted in contemporary society, namely economic equality, which is the call for decreasing the wealth disparity between the rich and poor, and equality before the law.

Support us on Patreon: https://www.patreon.com/academyofideas
Get the transcript: http://academyofideas.com/2016/10/wealth-inequality/
In this video we will examine two types of equality that are promoted in contemporary society, namely economic equality, which is the call for decreasing the wealth disparity between the rich and poor, and equality before the law.

Bernie Brief: Income Inequality | Ep. 1

Bernie Sanders explains the one issue the billionaire class wants us to avoid -- and change.
Read more about Income Inequality on our website: http://bernie.to...

Bernie Sanders explains the one issue the billionaire class wants us to avoid -- and change.
Read more about Income Inequality on our website: http://bernie.to/IncomeInequality
---------
★ Join the political revolution at www.berniesanders.com
★ Connect with Bernie:
Facebook → https://www.facebook.com/berniesanders/
Twitter → https://twitter.com/berniesanders
Instagram → https://www.instagram.com/berniesanders/
Tumblr → http://berniesanders.tumblr.com/
Snapchat → bernie.sanders
★ About Bernie:
Bernie Sanders is a Democratic candidate for President of the United States. He is serving his second term in the U.S. Senate after winning re-election in 2012 with 71 percent of the vote. Sanders previously served as mayor of Vermont’s largest city for eight years before defeating an incumbent Republican to be the sole congressperson for the state in the U.S. House of Representatives. He lives in Burlington, Vermont with his wife Jane and has four children and seven grandchildren.
Bernard “Bernie” Sanders was born in Brooklyn, New York, to immigrant parents and grew up in a small, rent-controlled apartment. His father came to the United States from Poland at the age of 17 without much money or a formal education. While attending the University of Chicago, a 20-year-old Sanders led students in a multi-week sit-in to oppose segregation in off-campus housing owned by the university as a Congress of Racial Equality (CORE) officer. In August of 1963, Sanders took an overnight bus as an organizer for the Student Nonviolent Coordinating Committee to hear Martin Luther King Jr.’s historic “I Have a Dream” speech firsthand at the March on Washington for Jobs and Freedom.
After graduation, Bernie moved to Vermont where he worked as a carpenter and documentary filmmaker. In 1981, he was elected as mayor of Burlington as an Independent by a mere 10 votes, shocking the city’s political establishment by defeating a six-term, local machine mayor. In 1983, Bernie was re-elected by a 21 point margin with a record amount of voter turnout. Under his administration, the city made major strides in affordable housing, progressive taxation, environmental protection, child care, women’s rights, youth programs and the arts. In 1990, Sanders was elected to the House of Representatives as the first Independent in 40 years and joined the Democratic caucus. He was re-elected for eight terms, during which he voted against the deregulation of Wall Street, the Patriot Act, and the invasion of Iraq.
In 2006, Sanders defeated the richest man in Vermont to win a seat in the U.S. Senate as an Independent. Known as a “practical and successful legislator,” Sanders served as chairman of the Committee on Veterans’ Affairs where he authored and passed the most significant veteran health care reform bill in recent history. While in the Senate, Sanders has fought tirelessly for working class Americans against the influence of big money in politics. In 2010, he gave an eight-and-a-half hour filibuster-like speech on the Senate floor in opposition to extending Bush-era tax breaks for the wealthy. In 2015, the Democratic leadership tapped Bernie to serve as the caucus’ ranking member of the Senate Budget Committee.
Known for his consistency on the issues, Senator Sanders has supported the working class, women, communities of color, and the LGBT community throughout his career. He is an advocate for the environment, unions, and immigrants. He voted against Keystone XL, opposes the Trans-Pacific Partnership deal, wants to expand the Voting Rights Act, and pass the Equal Rights Amendment.
To learn more about Bernie on the issues, click here: https://berniesanders.com/issues/

Bernie Sanders explains the one issue the billionaire class wants us to avoid -- and change.
Read more about Income Inequality on our website: http://bernie.to/IncomeInequality
---------
★ Join the political revolution at www.berniesanders.com
★ Connect with Bernie:
Facebook → https://www.facebook.com/berniesanders/
Twitter → https://twitter.com/berniesanders
Instagram → https://www.instagram.com/berniesanders/
Tumblr → http://berniesanders.tumblr.com/
Snapchat → bernie.sanders
★ About Bernie:
Bernie Sanders is a Democratic candidate for President of the United States. He is serving his second term in the U.S. Senate after winning re-election in 2012 with 71 percent of the vote. Sanders previously served as mayor of Vermont’s largest city for eight years before defeating an incumbent Republican to be the sole congressperson for the state in the U.S. House of Representatives. He lives in Burlington, Vermont with his wife Jane and has four children and seven grandchildren.
Bernard “Bernie” Sanders was born in Brooklyn, New York, to immigrant parents and grew up in a small, rent-controlled apartment. His father came to the United States from Poland at the age of 17 without much money or a formal education. While attending the University of Chicago, a 20-year-old Sanders led students in a multi-week sit-in to oppose segregation in off-campus housing owned by the university as a Congress of Racial Equality (CORE) officer. In August of 1963, Sanders took an overnight bus as an organizer for the Student Nonviolent Coordinating Committee to hear Martin Luther King Jr.’s historic “I Have a Dream” speech firsthand at the March on Washington for Jobs and Freedom.
After graduation, Bernie moved to Vermont where he worked as a carpenter and documentary filmmaker. In 1981, he was elected as mayor of Burlington as an Independent by a mere 10 votes, shocking the city’s political establishment by defeating a six-term, local machine mayor. In 1983, Bernie was re-elected by a 21 point margin with a record amount of voter turnout. Under his administration, the city made major strides in affordable housing, progressive taxation, environmental protection, child care, women’s rights, youth programs and the arts. In 1990, Sanders was elected to the House of Representatives as the first Independent in 40 years and joined the Democratic caucus. He was re-elected for eight terms, during which he voted against the deregulation of Wall Street, the Patriot Act, and the invasion of Iraq.
In 2006, Sanders defeated the richest man in Vermont to win a seat in the U.S. Senate as an Independent. Known as a “practical and successful legislator,” Sanders served as chairman of the Committee on Veterans’ Affairs where he authored and passed the most significant veteran health care reform bill in recent history. While in the Senate, Sanders has fought tirelessly for working class Americans against the influence of big money in politics. In 2010, he gave an eight-and-a-half hour filibuster-like speech on the Senate floor in opposition to extending Bush-era tax breaks for the wealthy. In 2015, the Democratic leadership tapped Bernie to serve as the caucus’ ranking member of the Senate Budget Committee.
Known for his consistency on the issues, Senator Sanders has supported the working class, women, communities of color, and the LGBT community throughout his career. He is an advocate for the environment, unions, and immigrants. He voted against Keystone XL, opposes the Trans-Pacific Partnership deal, wants to expand the Voting Rights Act, and pass the Equal Rights Amendment.
To learn more about Bernie on the issues, click here: https://berniesanders.com/issues/

Income Inequality Impairs the American Dream of Upward Mobility

Income inequality has been on the rise for decades. In the last 30 years, the wages of the top 1% have grown by 154%, while the bottom 90% has seen growth of only 17%. As the rungs of the economic ladder move further and further apart, conventional wisdom says that it will become much more difficult to climb them. Opportunities for upward mobility-the American dream-will disappear as the deck becomes stacked against the middle class and the poor. But others see inequality as a positive, a sign of a dynamic and robust economy that, in the end, helps everyone. And contrary to public opinion, mobility has remained stable over the past few decades. If theAmerican dream is dying, is it the result of income inequality? Or is disparity in income a red herring where more complex issues are at pla...

published: 23 Oct 2014

Deception: Why Wealth Inequality Continues in America (Documentary)

published: 12 Apr 2016

The Politics and Economics of Inequality

Some inequality of income and wealth is inevitable, if not necessary. If an economy is to function well, people need incentives to work hard and innovate. The pertinent question is not whether income and wealth inequality is good or bad. It is at what point do these inequalities become so great as to pose a serious threat to our economy, our ideal of equal opportunity and our democracy. ProfessorRobert Reich examines what's happened to income and wealth in this country, why it's a problem, and what we can expect in future years.

published: 30 Jun 2014

Malcom Gladwell on income inequality - The New Yorker Festival (Full) - The New Yorker

Malcom Gladwell speaks on income inequality at the 2010New YorkerFestival.
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Malcom Gladwell on income inequality - The New Yorker Festival (Full) - The New Yorker
Starring: Malcolm Gladwell

Counting the Cost - Davos: The challenge of economic inequality

As world leaders meet at the World Economic Forum, we examine the biggest risks facing the global economy.
- Subscribe to our channel http://bit.ly/AJSubscribe
- Follow us on Twitter https://twitter.com/AJEnglish
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- Check out our website:http://www.aljazeera.com/

published: 24 Jan 2015

Mark Cuban Best Interview 2015: His First Hustle, Being a Billionaire, Economic Inequality...

Obama's Powerful Speech On Income Inequality

The gap between America's rich and everyone else has grown to unprecedented levels at a time when upward social mobility has hit record lows. President Barack Obama's speech on the unraveling of the social compact addresses the frustration Americans have with Washington D.C.'s inability to act on important matters like this and explains how his administration plans to restore equality and mobility for future generations.
The Daily Conversation
https://www.youtube.com/TheDailyConversation
Facebookhttp://www.facebook.com/thedailyconversation
Google+
https://plus.google.com/100134925804523235350/posts
Twitter
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How to Measure Income Inequality: Gini & Lorenz

In this video I introduce the ideas of the Lorenz Curve and Gini Coefficient for measuring income inequality. I also describe some difficulties with using it as a way to track income inequality over time.

published: 26 Oct 2015

Income Inequality: Is It Fair or Unfair?

The YaleFederalist Society presents a conversation and Q&A on income inequality. Is it fair or unfair? We hear that the gap between the poor and the rich has widened. Many decry the injustice of income and wealth inequality. But is it actually a problem and are the proposed remedies truly just? What is a fair “distribution” of income and wealth?
ProfessorDaniel Markovits, Guido Calabresi Professor of Law at the Yale Law School, and Yaron Brook, executive chairman of the Ayn Rand Institute, debate these and related issues. Markovits argues in favor of finding state and societal solutions to reduce this income gap and Brook argues that a genuinely laissez-faire capitalist society is the only system of fairness.
Featuring:
Dr. Yaron Brook
Executive Chairman
Ayn Rand Institute
Author, "E...

published: 01 Dec 2017

INCOME INEQUALITY EXPLAINED BY ROBERT KIYOSAKI

Income inequality is a natural by-product of capitalism. So why is everybody so mad? Robert examines the history of American business with historian Benjamin Waterhouse. Then economic futurist Jason Schenker tells Robert what to expect in the next decade. This program offers valuable insight into why so many people are fighting-mad about their economic lot in life, and what they can do about it.
http://www.richdad.com
Facebook: @RobertKiyosaki
https://www.facebook.com/RobertKiyosaki/
Twitter: @TheRealKiyosaki
https://twitter.com/theRealKiyosaki
Instagram: @TheRealKiyosaki
https://www.instagram.com/therealkiyosaki/

Income Inequality Impairs the American Dream of Upward Mobility

Income inequality has been on the rise for decades. In the last 30 years, the wages of the top 1% have grown by 154%, while the bottom 90% has seen growth of on...

Income inequality has been on the rise for decades. In the last 30 years, the wages of the top 1% have grown by 154%, while the bottom 90% has seen growth of only 17%. As the rungs of the economic ladder move further and further apart, conventional wisdom says that it will become much more difficult to climb them. Opportunities for upward mobility-the American dream-will disappear as the deck becomes stacked against the middle class and the poor. But others see inequality as a positive, a sign of a dynamic and robust economy that, in the end, helps everyone. And contrary to public opinion, mobility has remained stable over the past few decades. If theAmerican dream is dying, is it the result of income inequality? Or is disparity in income a red herring where more complex issues are at play?

Income inequality has been on the rise for decades. In the last 30 years, the wages of the top 1% have grown by 154%, while the bottom 90% has seen growth of only 17%. As the rungs of the economic ladder move further and further apart, conventional wisdom says that it will become much more difficult to climb them. Opportunities for upward mobility-the American dream-will disappear as the deck becomes stacked against the middle class and the poor. But others see inequality as a positive, a sign of a dynamic and robust economy that, in the end, helps everyone. And contrary to public opinion, mobility has remained stable over the past few decades. If theAmerican dream is dying, is it the result of income inequality? Or is disparity in income a red herring where more complex issues are at play?

The Politics and Economics of Inequality

Some inequality of income and wealth is inevitable, if not necessary. If an economy is to function well, people need incentives to work hard and innovate. The p...

Some inequality of income and wealth is inevitable, if not necessary. If an economy is to function well, people need incentives to work hard and innovate. The pertinent question is not whether income and wealth inequality is good or bad. It is at what point do these inequalities become so great as to pose a serious threat to our economy, our ideal of equal opportunity and our democracy. ProfessorRobert Reich examines what's happened to income and wealth in this country, why it's a problem, and what we can expect in future years.

Some inequality of income and wealth is inevitable, if not necessary. If an economy is to function well, people need incentives to work hard and innovate. The pertinent question is not whether income and wealth inequality is good or bad. It is at what point do these inequalities become so great as to pose a serious threat to our economy, our ideal of equal opportunity and our democracy. ProfessorRobert Reich examines what's happened to income and wealth in this country, why it's a problem, and what we can expect in future years.

published:30 Jun 2014

views:37245

back

Malcom Gladwell on income inequality - The New Yorker Festival (Full) - The New Yorker

Counting the Cost - Davos: The challenge of economic inequality

As world leaders meet at the World Economic Forum, we examine the biggest risks facing the global economy.
- Subscribe to our channel http://bit.ly/AJSubscribe...

As world leaders meet at the World Economic Forum, we examine the biggest risks facing the global economy.
- Subscribe to our channel http://bit.ly/AJSubscribe
- Follow us on Twitter https://twitter.com/AJEnglish
- Find us on Facebook https://www.facebook.com/aljazeera
- Check out our website:http://www.aljazeera.com/

As world leaders meet at the World Economic Forum, we examine the biggest risks facing the global economy.
- Subscribe to our channel http://bit.ly/AJSubscribe
- Follow us on Twitter https://twitter.com/AJEnglish
- Find us on Facebook https://www.facebook.com/aljazeera
- Check out our website:http://www.aljazeera.com/

published:24 Jan 2015

views:2269

back

Mark Cuban Best Interview 2015: His First Hustle, Being a Billionaire, Economic Inequality...

The gap between America's rich and everyone else has grown to unprecedented levels at a time when upward social mobility has hit record lows. President Barack Obama's speech on the unraveling of the social compact addresses the frustration Americans have with Washington D.C.'s inability to act on important matters like this and explains how his administration plans to restore equality and mobility for future generations.
The Daily Conversation
https://www.youtube.com/TheDailyConversation
Facebookhttp://www.facebook.com/thedailyconversation
Google+
https://plus.google.com/100134925804523235350/posts
Twitter
http://www.twitter.com/thedailyconvo

The gap between America's rich and everyone else has grown to unprecedented levels at a time when upward social mobility has hit record lows. President Barack Obama's speech on the unraveling of the social compact addresses the frustration Americans have with Washington D.C.'s inability to act on important matters like this and explains how his administration plans to restore equality and mobility for future generations.
The Daily Conversation
https://www.youtube.com/TheDailyConversation
Facebookhttp://www.facebook.com/thedailyconversation
Google+
https://plus.google.com/100134925804523235350/posts
Twitter
http://www.twitter.com/thedailyconvo

How to Measure Income Inequality: Gini & Lorenz

In this video I introduce the ideas of the Lorenz Curve and Gini Coefficient for measuring income inequality. I also describe some difficulties with using it a...

In this video I introduce the ideas of the Lorenz Curve and Gini Coefficient for measuring income inequality. I also describe some difficulties with using it as a way to track income inequality over time.

In this video I introduce the ideas of the Lorenz Curve and Gini Coefficient for measuring income inequality. I also describe some difficulties with using it as a way to track income inequality over time.

Income Inequality: Is It Fair or Unfair?

The YaleFederalist Society presents a conversation and Q&A on income inequality. Is it fair or unfair? We hear that the gap between the poor and the rich has w...

The YaleFederalist Society presents a conversation and Q&A on income inequality. Is it fair or unfair? We hear that the gap between the poor and the rich has widened. Many decry the injustice of income and wealth inequality. But is it actually a problem and are the proposed remedies truly just? What is a fair “distribution” of income and wealth?
ProfessorDaniel Markovits, Guido Calabresi Professor of Law at the Yale Law School, and Yaron Brook, executive chairman of the Ayn Rand Institute, debate these and related issues. Markovits argues in favor of finding state and societal solutions to reduce this income gap and Brook argues that a genuinely laissez-faire capitalist society is the only system of fairness.
Featuring:
Dr. Yaron Brook
Executive Chairman
Ayn Rand Institute
Author, "Equal Is Unfair"
Prof. Daniel Markovits
Guido Calabresi Professor of Law
Yale Law School
Author, "Snowball Inequality"
TIMECODES:
Introductions 0:00:14
Dr. Yaron Brook
Opening Remarks 0:02:54
1st Response 0:33:05
Final Remarks 1:21:09
Prof. Daniel Markovits
Opening Remarks 0:18:14
1st Response 0:41:22
Final Remarks 1:24:26
Transition to Q&A 0:46:20
FirstQuestion 0:46:33
TWO OR THREE POLICY SUGGESTIONS
Second Question 0:54:24
WHAT ABOUT SOCIO-ECONOMIC GROUPS?
Third Question 1:00:50
ARE IP RIGHTS COLLECTIVIST RIGHTS?
Fourth Question 1:06:27
THE RELATIONSHIP BETWEEN AMBITION/DRIVE & HUMAN FLOURISHING
Fifth Question 1:12:46
ECONOMIC MOBILITY
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

The YaleFederalist Society presents a conversation and Q&A on income inequality. Is it fair or unfair? We hear that the gap between the poor and the rich has widened. Many decry the injustice of income and wealth inequality. But is it actually a problem and are the proposed remedies truly just? What is a fair “distribution” of income and wealth?
ProfessorDaniel Markovits, Guido Calabresi Professor of Law at the Yale Law School, and Yaron Brook, executive chairman of the Ayn Rand Institute, debate these and related issues. Markovits argues in favor of finding state and societal solutions to reduce this income gap and Brook argues that a genuinely laissez-faire capitalist society is the only system of fairness.
Featuring:
Dr. Yaron Brook
Executive Chairman
Ayn Rand Institute
Author, "Equal Is Unfair"
Prof. Daniel Markovits
Guido Calabresi Professor of Law
Yale Law School
Author, "Snowball Inequality"
TIMECODES:
Introductions 0:00:14
Dr. Yaron Brook
Opening Remarks 0:02:54
1st Response 0:33:05
Final Remarks 1:21:09
Prof. Daniel Markovits
Opening Remarks 0:18:14
1st Response 0:41:22
Final Remarks 1:24:26
Transition to Q&A 0:46:20
FirstQuestion 0:46:33
TWO OR THREE POLICY SUGGESTIONS
Second Question 0:54:24
WHAT ABOUT SOCIO-ECONOMIC GROUPS?
Third Question 1:00:50
ARE IP RIGHTS COLLECTIVIST RIGHTS?
Fourth Question 1:06:27
THE RELATIONSHIP BETWEEN AMBITION/DRIVE & HUMAN FLOURISHING
Fifth Question 1:12:46
ECONOMIC MOBILITY
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

Income inequality is a natural by-product of capitalism. So why is everybody so mad? Robert examines the history of American business with historian Benjamin Waterhouse. Then economic futurist Jason Schenker tells Robert what to expect in the next decade. This program offers valuable insight into why so many people are fighting-mad about their economic lot in life, and what they can do about it.
http://www.richdad.com
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Income inequality is a natural by-product of capitalism. So why is everybody so mad? Robert examines the history of American business with historian Benjamin Waterhouse. Then economic futurist Jason Schenker tells Robert what to expect in the next decade. This program offers valuable insight into why so many people are fighting-mad about their economic lot in life, and what they can do about it.
http://www.richdad.com
Facebook: @RobertKiyosaki
https://www.facebook.com/RobertKiyosaki/
Twitter: @TheRealKiyosaki
https://twitter.com/theRealKiyosaki
Instagram: @TheRealKiyosaki
https://www.instagram.com/therealkiyosaki/

Income and Wealth Inequality: Crash Course Economics #17

Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality and income inequality. There's no question that economic inequality is real. But there is disagreement as to whether income inequality is a problem, and what can or should be done about it.
***
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6:24

Wealth Inequality in America

Infographics on the distribution of wealth in America, highlighting both the inequality an...

Wealth Inequality in America

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
References:
http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph
http://danariely.com/2010/09/30/wealth-inequality/
http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/
http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.htm

16:55

How economic inequality harms societies | Richard Wilkinson

http://www.ted.com We feel instinctively that societies with huge income gaps are somehow ...

Obama on why income inequality has skyrocketed

Watch the president give his perspective on why the economy has become so good for corporations even as it’s become so bad for their workers.
Read the extended interview with President Obama and nerd out with all the charts and graphs you could ever want at http://vox.com/obama.
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14:10

Wealth Gap: Last Week Tonight with John Oliver (HBO)

John Oliver discusses America's growing wealth gap and why it may be a problem in the futu...

Wealth Gap: Last Week Tonight with John Oliver (HBO)

John Oliver discusses America's growing wealth gap and why it may be a problem in the future.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
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3:51

Global Wealth Inequality - (See description for 2017 updates) What you never knew you never knew

NOTE: Firstly, we know about and apologise for the incorrect map in this version of the vi...

Global Wealth Inequality - (See description for 2017 updates) What you never knew you never knew

NOTE: Firstly, we know about and apologise for the incorrect map in this version of the video, there is an update version in the playlist with a corrected map.
PLEASE HELP US UPDATE THIS VIDEO: We recognise that this video is now, in 2017, outdated. Please help us to create an update by supporting us on Patreon: https://www.patreon.com/therulesorg
In the meantime, please find the updated information on our website here: http://blog.therules.org/update-global-inequality-video/. Thank you!
SUPPORT US TO UPDATE THIS VIDEO: Our Global Inequality video has been viewed over 1 million times since it was first uploaded to Youtube in 2013. It has been used in classrooms, lecture halls, referenced in speeches, watched at home and has informed government and NGO policy.
It's also incredibly out of date. We would like to raise US $2,000 to cover the cost of working with an animator from Ghana to create an updated version of the video. With continued support from the community we will go onto make more and more regular video content and online and offline mainstream culture hacking interventions to support the transition to a fairer, more beautiful post-capitalism world.
If you've watched and appreciated the animation, we'd really appreciate your help in creating one that more accurately reflects an accurate picture of rampant inequality the world today. Support us on Patreon: https://www.patreon.com/therulesorg. Thank you!
Production Company: Grain Media (grainmedia.co.uk); MotionGraphicsArtist: Nick Pittom (nickpittom.com); Music: SupDoodle and Apple Juice Kid (AppleJuiceKid.com); References: http://www.therules.org/inequality-video-fact-sheet; Accompanying article in Al Jazeera: http://www.aljazeera.com/indepth/opinion/2013/04/201349124135226392.html

4:39

Income Inequality is Good

What if everything you've heard about income inequality is wrong? What if it's actually a ...

Income Inequality is Good

What if everything you've heard about income inequality is wrong? What if it's actually a good thing for there to be people who are rich and people who aren't? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time. Donate today to PragerU! http://l.prageru.com/2ylo1Yt
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Script:
There has been a lot said and a lot written about income inequality – about how unfair it is that a few people are very rich and the rest of us aren’t; that the income gap between the wealthy and even the middle-class, let alone the poor, is so large.
There’s only one problem with this complaint.
It’s wrong.
Income inequality is actually a good thing -- when it is the product of a free market economy.
And your own life proves it!
An economy is made up of millions of individuals making decisions about their own lives – where and how much they want to work, what they want to buy, and so on.
You are one of those individuals.
In a country like the United States, you are free to pursue a path in life that you believe best suits your talents. That talent might be teaching, or making music, or banking, or starting a small business, or raising a family. Whatever it is, this freedom helps to make life enjoyable, exciting and meaningful.
But it’s also an expression of inequality. This is simply because we’re all different. We have different talents, different temperaments, different ambitions.
That’s okay because – again in a free society – we can seek out opportunities that play to our personal strengths; that distinguish us from others.
If you find what you’re really good at and work hard, you might have great success and make a lot of money. If you’re an outstanding athlete, I’ll buy a ticket to see you play. If you’re a savvy investor, I’ll give you some of my money to invest.
As long as you have the freedom to guide your own destiny, you have a chance to reach your full potential – achieving success, however you define it. But if someone, say, a government bureaucrat, told you that your ambition had limits, that there was a ceiling above which you could not rise, I doubt you’d be happy about it. You’d feel like you were in a straightjacket.
Forced equality means less opportunity to pursue what makes you individually great..
But what about the growing gap between the rich, the 1%, and the rest of us, the 99%, that one hears so much about? Isn’t that a bad thing?
Again, the answer is no.
Here’s why:
In a free market economy people become wealthy making what the rich enjoy today into something almost everybody can enjoy tomorrow. The rich are the test buyers.
Consider the cell phone. Now we all have them, but when Motorola manufactured the first one in 1983 it was the size of a brick, had a half-hour of battery life, reception was terrible, and calls were very expensive. It cost $4000. But if no one had bought that $4000 brick, there wouldn’t be a $40 cell phone today.
In the 1960’s a computer cost over a million dollars. Nowadays, thanks to billionaires like Michael Dell, we have incredibly advanced computers that cost us a few hundred dollars.
Remember what an out-of-reach luxury flat screen TV’s once were? Only the rich could afford them. Today your living room is essentially your own private cinema.
The free market is about turning scarcity into abundance. What was once available to the few is now available to the many. Wealth inequality is an important corollary to that truth.
For the complete script, visit https://www.prageru.com/videos/income-inequality-good

Income Inequality

patreon.com/freedomtoons
Income Inequality:
This is kinda what it looks like when Americans complain about it
Thanks to Pat Oberle for animating the lip syncing
THANKS SO MUCH TO PATREON DONORS
LESLEE FROST
FRAN PODLASEK
MUSIC:
https://www.youtube.com/watch?v=3qQQJ...Royalty FreeMusic - Dubstep - Sickdropz - FloidBeats #047 Beat for FotisEski

American Income Inequality Perfectly Explained (Mark Blyth Interview)

Special guest Mark Blyth explains the existence of income inequality in the US.
Jimmy Dore breaks it down.
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2:36

How wealth inequality is dangerous for America

The top 1% of the population controls 40% of the nation's wealth. Think about that for a m...

How wealth inequality is dangerous for America

The top 1% of the population controls 40% of the nation's wealth. Think about that for a minute.
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Income Inequality Impairs the American Dream of Upward Mobility

Income inequality has been on the rise for decades. In the last 30 years, the wages of the top 1% have grown by 154%, while the bottom 90% has seen growth of only 17%. As the rungs of the economic ladder move further and further apart, conventional wisdom says that it will become much more difficult to climb them. Opportunities for upward mobility-the American dream-will disappear as the deck becomes stacked against the middle class and the poor. But others see inequality as a positive, a sign of a dynamic and robust economy that, in the end, helps everyone. And contrary to public opinion, mobility has remained stable over the past few decades. If theAmerican dream is dying, is it the result of income inequality? Or is disparity in income a red herring where more complex issues are at play?

The Politics and Economics of Inequality

Some inequality of income and wealth is inevitable, if not necessary. If an economy is to function well, people need incentives to work hard and innovate. The pertinent question is not whether income and wealth inequality is good or bad. It is at what point do these inequalities become so great as to pose a serious threat to our economy, our ideal of equal opportunity and our democracy. ProfessorRobert Reich examines what's happened to income and wealth in this country, why it's a problem, and what we can expect in future years.

1:30:38

Malcom Gladwell on income inequality - The New Yorker Festival (Full) - The New Yorker

Malcom Gladwell speaks on income inequality at the 2010 New Yorker Festival.
Still haven’...

Counting the Cost - Davos: The challenge of economic inequality

As world leaders meet at the World Economic Forum, we examine the biggest risks facing the global economy.
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57:43

Mark Cuban Best Interview 2015: His First Hustle, Being a Billionaire, Economic Inequality...

Obama's Powerful Speech On Income Inequality

The gap between America's rich and everyone else has grown to unprecedented levels at a time when upward social mobility has hit record lows. President Barack Obama's speech on the unraveling of the social compact addresses the frustration Americans have with Washington D.C.'s inability to act on important matters like this and explains how his administration plans to restore equality and mobility for future generations.
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55:28

Debate: Is Income Inequality Fair?

January 16, 2017: The Texas Law Federalist Society hosted a debate about income inequality...

INCOME INEQUALITY EXPLAINED BY ROBERT KIYOSAKI...

Sam Bowles, "The Origins and Future of Economic In...

LONDON (AP) — A British surgeon has admitted assaulting two patients by burning his initials into their livers during transplant operations ...Bramhall used an argon beam coagulator, which seals bleeding blood vessels with an electric beam, to mark his initials on the organs ... ....

District JudgeTed Stewart said during a hearing in Salt Lake City that Lyle Jeffs deserved the 57-month prison sentence because his behavior showed he doesn't respect U.S ... Jeffs is an adult. He knows right from wrong." ... He was ordered to pay $1 million in restitution ... "I do humbly accept my responsibly for my actions ... The FBI put up a $50,000 reward....

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This makes one doubt that hostility to mass immigration is simply a protest against job losses, depressed wages, and growing inequality. Economics has certainly played a part in the upsurge of identity politics, but the crisis of identity will not be expunged by economic reforms alone. Economic welfare is not the same as social wellbeing ...Economic and political liberals are bedfellows in championing unrestricted immigration....

OPINION. One week after Jancee Dunn gave birth to her baby her husband decided to take up long-distance cycling. And train for a marathon ... At night, he met friends at bars and restaurants while I stayed home ... The fetishisation of mothering makes the time inequality appear natural ... The inequality of child-free leisure time between mothers and fathers comes down to entitlement and is something that both men and women need to work on....

London will still be one of the world's top five cities by economic performance in 2035, according to OxfordEconomics... By 2035, Asian cities will account for almost half of global activity, Oxford Economics estimates – overtaking European and North American cities combined in just over a decade ... By 2035, Oxford Economics predicts the top 780 ......

(AP) — Christmas came early for economic development officials across New York state Wednesday with Gov ...The state's 10 economic regions will split the money, intended to support job training, subsidies for expanding businesses, funding for community organizations and other local economic initiatives ... The state has handed out more than $5.4 billion since Cuomo's regionalized economic development awards began in 2011....

——— ... 8 ... McConnell insists the $1.5 trillion in tax cuts will "jump start" so much economic activity that the effect on federal debt will be a wash ... Rest assured the corporate tax breaks will be restored as a House-Senate conference committee irons out differences in the bills, both of which deepen economicinequality ... That will hurt Kentucky and the rest of the country, no matter how pretty the economic fantasy our senior senator spins ... ....

Treasury has delivered the new Government a set of rosy economic forecasts, but there is still little room to manoeuvre. The half year economic and fiscal update (HYEFU), released on Thursday, points to both strong jobs growth and higher wages, partly driven by the decision to hike the minimum wage ... improve the economics of labour saving investment....

Source. 1 NEWS... In its Half Year Fiscal EconomicUpdate, Treasury is forecasting a budget surplus of $2.5 billion in 2018 and $2.8 billion in 2019 ... Source ... However stronger economic growth in future years will see the surplus rise to $8.8 billon by 2021/22 ... Source ... Helping drive the surpluses forecast today is economic growth which is expected to average around 2.9 per cent over the next four years, with unemployment to drop to 4 per cent....

It’s outrageous. But it also looks like really bad politics, especially given what we know is coming ... SUBSCRIBE NOW ... Their party used to know that it won elections despite its economic program, not because of it – that the whole game was to win by playing on social issues, national security, and above all on racial antagonism, then use the win to push fundamentally unpopular economic policies. ....

According to the quarterly economic projections released the same day, Fed officials expected the unemployment rate will maintain at 4.1 percent by the end of 2017, lower than September's forecast of 4.3 percent ... She emphasized the risks of labor market overheating, saying that it would require the central bank to tighten monetary policy abruptly, jeopardizing economic expansion....

The USFederal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S.economic growth. The post US Fed hikes rates by 25 bps. Read the full text of central bank’s statement after its meeting Wednesday ... ....

WASHINGTON, Dec 13- The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S.economic growth from the Trump administration's proposed tax cuts. The White House has frequently said its tax plan would produce annual GDP growth of 3 percent to 4 percent ... ....